Brookfield has rebranded Oxford Business Park as ARC Oxford as the asset manager is set to invest more than £1bn in the region by the late 2020s.
The move marks the next stage of ARC’s growth strategy after launching its first Motherlabs concept in west London in July. At the time, the company noted that it had plans to grow Motherlabs across its 1.6m sq ft network, including to Harwell and Oxford.
ARC’s growth strategy reflects demand for lab-enabled space outpacing supply. As such, the company is looking to double in size the current 514,000 sq ft Oxford City space by bringing new labs, cleanrooms, offices and R&D facilities to the campus. ARC aims to make the first 50,000 sq ft of new-build space available as soon as 2023.
Dan Williams, director of asset management at ARC Oxford, said: “We have been working in partnership with our members to understand their needs, so that we can invest and build flexible research and development space on a speculative or pre-committed basis. This will allow our members to scale at pace, focusing on the scientific discoveries that will help solve some of the greatest challenges that we face.”
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